SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Strong Trading Volume – What’s Next?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw strong trading volume on Thursday. 8,832,919 shares were traded during trading, an increase of 171% from the previous session’s volume of 3,257,724 shares. The stock last traded at $24.2750 and had previously closed at $24.31.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.1%

The stock has a fifty day moving average of $24.88 and a 200-day moving average of $25.25.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of hedge funds have recently bought and sold shares of SPAB. SigFig Wealth Management LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 5.9% during the 3rd quarter. SigFig Wealth Management LLC now owns 656,390 shares of the company’s stock worth $15,990,000 after acquiring an additional 36,311 shares in the last quarter. Legacy Solutions LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 8.7% in the 3rd quarter. Legacy Solutions LLC now owns 111,612 shares of the company’s stock valued at $2,719,000 after purchasing an additional 8,966 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,857,952 shares of the company’s stock valued at $251,575,000 after purchasing an additional 67,300 shares during the last quarter. Cahill Financial Advisors Inc. raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 5.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 135,518 shares of the company’s stock valued at $3,458,000 after purchasing an additional 6,971 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 8.0% in the 2nd quarter. Capital Analysts LLC now owns 485,740 shares of the company’s stock valued at $12,396,000 after purchasing an additional 35,795 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.